Industry Analysis & Industry Trends
Driven by government support and increasing demand from patients, the development of the Traditional Chinese Medicine Hospitals industry has accelerated in recent years. In 2015, revenue for this industry is expected to reach $46.7 billion, up 14.0% from 2014 and representing annualized growth of 18.0% from 2010.
For the Traditional Chinese Medicine Hospital industry, a growing number of patients has ensured revenue and profitability increases. Profitability is estimated to rise from 0.9% in 2007 to 4.5% in 2015. The scale of traditional Chinese medicine hospitals has also been expanding. There are about 3,023 traditional Chinese medicine hospitals in China, each containing 236 beds on average.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
After years of slow development, the Traditional Chinese Medicine Hospital industry in China has accelerated its development. From 2010 to 2020, value-added for this industry is expected to increase at annualized rate of 15.3%, higher than China's GDP growth during the same period of about 6.5%.
Traditional Chinese medicine is playing an increasing role in disease prevention and treatment. Recent healthcare reform has encouraged the development of traditional Chinese medicine (TCM) and the Chinese government has increased the fiscal allowance to TCM hospitals. Additionally, the government's twelfth five-year plan supports the development of traditional Chinese medicine and TCM hospitals... purchase to read more